Berlin \u2014 Berlin-based payment plat\u00adform Payrails has secu\u00adred a $14.4 million seed funding round for its end-to-end opera\u00adting system that covers the entire payment proces\u00adsing value chain. The funds will go toward a \u201cproduct road\u00admap to solve custo\u00admers\u2019 complex payment chal\u00adlenges and increase go-to-market capa\u00adcity to serve the strong custo\u00admer pipe\u00adline.\u201d So it will promote growth.<\/p>\n
The new round of funding, which builds on the $6.4 million seed round comple\u00adted last year, was led by new inves\u00adtor EQT Ventures<\/strong>. Gene\u00adral Cata\u00adlyst<\/strong> also parti\u00adci\u00adpa\u00adted in the round, along with exis\u00adting inves\u00adtors Andre\u00ades\u00adsen Horo\u00adwitz and HV Capi\u00adtal<\/strong>.<\/p>\n The start-up was foun\u00added by Orkhan Abdul\u00adlayev, Emre Talay <\/strong>and Nico\u00adlas Thou\u00adzeau<\/strong> (photo \u00a9 Payrails). They previously worked toge\u00adther in Deli\u00advery Hero\u2019s fintech services divi\u00adsion, where they lear\u00adned first\u00adhand the issues fast-growing compa\u00adnies can face in today\u2019s digi\u00adtal payments land\u00adscape. Payrails was foun\u00added to elimi\u00adnate these pain points and simplify the payments environment.<\/p>\n \u201cWe are very proud of what we have built and look forward to the jour\u00adney ahead. As payment proces\u00adsing beco\u00admes more complex as orga\u00adniza\u00adti\u00adons scale, the need to evolve the payment stack and leverage multi\u00adple proces\u00adsors to improve perfor\u00admance is beco\u00adming an indus\u00adtry stan\u00addard. Leading compa\u00adnies under\u00adstand the stra\u00adte\u00adgic importance of opti\u00admi\u00adzing payments and are looking for flexi\u00adble solu\u00adti\u00adons that can be adapted to their needs. With EQT Ventures, Gene\u00adral Cata\u00adlyst, Andre\u00ades\u00adsen Horo\u00adwitz and HV Capi\u00adtal, we have found strong part\u00adners with deep expe\u00adri\u00adence in FinTech and payment systems who believe in our long-term vision of enab\u00adling large global plat\u00adforms to build end-to-end payment solu\u00adti\u00adons while we deve\u00adlop the next-gene\u00adra\u00adtion payment opera\u00adting system,\u201d said Orkhan Abdul\u00adlayev, CEO and co-foun\u00adder of Payrails.<\/p>\n \u201cEnter\u00adprise custo\u00admers need a high-quality, relia\u00adble payment product that can manage complex cash flows, incre\u00adasingly in a multipro\u00adces\u00adsor envi\u00adron\u00adment. Deve\u00adlo\u00adping a scalable product to meet these requi\u00adre\u00adments is some\u00adthing like the SAP of payments. This requi\u00adres both depth and expe\u00adri\u00adence in deve\u00adlo\u00adping simi\u00adlar products, and so the Payrails team is ideally posi\u00adtio\u00adned to meet this chall\u00adenge \u2014 the posi\u00adtive feed\u00adback from its live custo\u00admers is testa\u00adment to this. We have a passion for payments and for teams that deve\u00adlop cross-gene\u00adra\u00adtio\u00adnal solu\u00adti\u00adons. Payrails addres\u00adses one of the biggest chal\u00adlenges in payments, and we look forward to being part of Payrails\u2019 jour\u00adney,\u201d said Kaushik Subra\u00adma\u00adnian, Part\u00adner at EQT Ventures<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":" Berlin \u2014 Berlin-based payment plat\u00adform Payrails has secu\u00adred a $14.4 million seed funding round for its end-to-end opera\u00adting system that covers the entire payment proces\u00adsing value chain. The funds will go toward a \u201cproduct road\u00admap to solve custo\u00admers\u2019 complex payment chal\u00adlenges and increase go-to-market capa\u00adcity to serve the strong custo\u00admer pipe\u00adline.\u201d So it will promote [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":49012,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1369,1373],"tags":[],"class_list":["post-49014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-investors","category-venture-capital-en"],"yoast_head":"\n